7 Benefits of Hiring a Scopo Advisor as Your Small Business Virtual CFO
1) Increase financial results
2) On demand access to professional skills and experience
3) Reduce overhead costs
4) Save time and make work more flexible
5) Obtain a fresh new perspective and objective analysis
6) More affordable than hiring a full-time CFO or bookkeeper
7) Full access to all of Scopo's professional services
REMEMBER: Our services are virtual, but we're still LOCAL and only serve Mercer County, NJ small businesses! For more information, contact Scopo today and we'll show you how a Virtual CFO will benefit your small business and give you a customizable portfolio of services with a quote that meets the needs of your small business.
The world is moving at hyper-fast speed. Ever wonder why some small businesses succeed in such conditions, while others seem to barely get by or eventually shut its doors for good? Chances are it's a direct result of the owners ability to understand the economic environment in which he/she operates and effectively analyzing market demand and supply as it relates to his/her industry.
In order to do so, small business owners must have strong business and financial skill sets that enable them to perform and analyze many sets of detailed reports which include but are not limited to financial statements, competitive analyses, and assessments of opportunities and threats.
And in order to do this, small business owners must spend an enormous amount of time and money to go to business school and obtain advanced degrees in business administration, finance, accounting and/or economics. Or, they could hire staff who hold these advanced degrees and skill sets but pay them the high salaries in which they demand, and deserve. Or, they can simply contract an advisor who too has strong business and financial skills with advanced degrees, but require only a fraction of the costs and can be obtained on an at-need basis.
For many small business owners, the latter is the most logical choice of action. And that's where Scopo comes into play.
Scopo Company helps small business owners successfully achieve their goals and objectives in this rapidly changing world that has the potential to make-or-break them in a moments notice. Scopo Company has what it takes to accurately assess the forces that impact small business owners and then help them to plan and act accordingly.
The aftermath of Brexit continues to evolve. While the Dow Jones Industrial Average has hit an all-time high, it may be short lived.
Something else is unfolding in Europe that will put investors from around the world on edge, and it involves EU's fourth largest economy - Italy.
Italy's banking system in on the brink of collapse, primarily due to its public debt rate which currently stands at 135% of its GDP. Couple this data with Italy's devastating high unemployment rate, and you have all the ingredients to a five-star crisis that would cripple the EU and create a ripple effect across the global economy.
What does this mean for Mercer County, NJ small businesses? A lot. The industries which will be greatly impacted are financial services, food and coffee outlets, automotive and motorcycle establishments, fabric and fashion retailers, energy and petroleum distributors, and more.
Scopo is keeping an eye on Matteo Renzi and the EU publication of the July 29th "stress test" results of Italy's banking system. We do not expect it to be pretty, and this could create global investors to scramble and induce chaos.
Can Mercer County, NJ small businesses hedge their exposure and risk to Italy's economy? Absolutely. Contact Scopo today to discuss how a winning strategy can create positive results for your small business and learn why "Your Scopo is Our Scopo!"
United Kingdom's decision to leave the European Union will certainly have a massive ripple effect across the global economy. Newton's Third Law of Motion in physics states "for every action, there is an equal and opposite reaction."
What does this mean for our local small businesses? That would depend on your industry. Some will prosper, but others will suffer. No one can predict the final outcome, for the true effects will not be realized until 2 to 5 years down the road - maybe longer.
But what we can be certain of is that the financial markets will experience volatility around the world affecting interest rates, exchange rates and retirement accounts. Also, commodity prices will swing including gold, oil, cocoa and copper. And finally, immigration policies will be impacted that will certainly lead to international political consequences for every country involved in trade negotiations with the European Union.
All of this and more will have consequences on our local economy, and depending on how you position your small business will determine what will ultimately happen. Scopo wants the best possible outcome and we embrace "Brexit" because it just might be the type of disruption we are all eager for - positive change!
Fact: American businesses employ more than 1 million people throughout the four countries that make up the United Kingdom - England, Wales, Scotland and Northern Ireland.
The ripple effects for the American economy will be far-reaching and long-lasting. Can your local small business capitalize?
Joe Immordino, MBA